Brief: Squirrel Media Buys Remaining 25% Of Shares In Grupo Ganga
25/03/2025 07:14
March 25 (Reuters) - Squirrel Media SA SQRL.MC: ACQUIRES 100% OF GRUPO GANGA REACHES AGREEMENT TO BUY REMAINING 25% OF SHARES IN GRUPO GANGA ACQUISITION WILL BE FULLY FINANCED THROUGH ISSUANCE OF NEW SQUIRREL MEDIA SHARES IN A RESTRICTED CAPITAL INCREASE AGREED EXCHANGE PRICE IS 3.20 EUROS PER SHARE, RESULTING IN ISSUANCE AND ALLOCATION OF 258,269 SQUIRREL SHARES SQUIRREL AND FOUNDERS OF GRUPO GANGA AGREED TO CAPITALIZE OUTSTANDING DEFERRED AMOUNT FROM INITIAL ACQUISITION OF 75% OF CO CAPITALISATION WILL BE EXECUTED THROUGH RESTRICTED CAPITAL INCREASE AT 3.20 EUROS PER SHARE, LEADING TO ISSUANCE AND ALLOCATION OF ADDITIONAL 195,735 SHARES WILL ISSUE AND DELIVER A TOTAL OF 454,004 SHARES TO FOUNDING SHAREHOLDERS OF GRUPO GANGA SQUIRREL AND FOUNDERS OF GRUPO GANGA ESTABLISHED THREE-YEAR LOCK-UP PERIOD, DURING WHICH SHARES RECEIVED IN THIS TRANSACTION MAY NOT BE SOLD OR LENT Source text: ID:nCNM1dktbP [urn:newsml:newsroom.refinitiv.com:20231130:nFWN3CV1G5:0] Further company coverage: SQRL.MC (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))